If you now start showing scrap income payments on your accounts, and in previous years you haven't, the hmcr may suspect that in previous years your sold scrap and decide that you should be assessed on previous years income. This could incur tax liability, fines and accrued interest.

Not that anyone on this forum sold scrap cable for cash without declaring it I'm sure.

Not only the tax thing, but anyone who hasn't previously bothered with a waste carrier's licence might also find attention being drawn to the lack of that too.

Be careful out there - It's only MPs who can legitimately 'hide' things these days.

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Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

Originally posted by: daveparry1I never bother with scrap, I leave it with the client for them to do what they like with it, If I couldn't make a decent living just by doing the work i'd think there was something wrong!
Dave.

Ah but what about saving the planet Dave?
Your clients could be just chucking it in the bin.

Yesterday afternoon I fitted two bathroom electric towel rails, they came with prefitted plug tops ready to plug into a socket. However as they are suitable for installation in zone 2 of a shower room I removed the plugs and set them aside for reuse, then shorten the flexes and hard wired them into flex outlet plates.

This left me with a couple of lengths of flex not really likely to be reused, so eventually they will end up at the scrap yard possibly not until the end of the year, but they will ultimately go for recycling. Now if I left them with the client they wouldn't be worth the effort of recycling on their own and almost certainly would end up in the clients waste bin going to land fill.

So therefore I am doing more for the Polar Bears than you are! However I'm never going to get rich out of it, the IOU is for £45.00 being a dust bin full of cable(compacted by me jumping up and down on it) and it will take along time to fill the bin again two pieces of flex at a time!

Everything else I let the tatters have, if there is a skip on the job I now stack the metal on the ground to the front of it to save having them climbing inside the skip to reduce the risk of injury. I suspect if a tatter hurt themselves climbing in a skip to remove metal and they hurt themselves the person responsible for the skip could be blamed for the injury even though they are actully stealing by removing items from the skip.

I have rarely weighed in but have done so on a couple of jobs where there was a great deal of old cable. Unstripped. For ease of disposal and for the polar bears. Usually I wouldn't bother and do what Dave does; leave it with the client. In truth, round here you can do the polar bear thing by leaving it on top of the skip because overnight it will disappear and make it's own way to the weigh in place.

The cash in both cases went straight to a local charity.

So, I reckon they could apply for gift-aid next time? That'll throw a spanner in the works.

If you now start showing scrap income payments on your accounts, and in previous years you haven't, the hmcr may suspect that in previous years your sold scrap and decide that you should be assessed on previous years income. This could incur tax liability, fines and accrued interest.

Not that anyone on this forum sold scrap cable for cash without declaring it I'm sure.

ir just cant assume u sold scrap previously,they would have to prove it. its only the last year or so that copper has been unusually high so its not unreasonably to start selling scrap now were as previously you would not bother.

In 30 years as self employed I`ve never yet weighed scrap in.
The price of it now might make it worthwhile if I had enough in one go.
I`m certainly not storing it.

Years ago I had a brother-in-law who was "into cardboard".
He cleared his garage out and collected cardboard here there and everywhere in his Tranny Van then sold it when he got a garage full.
He did this for years until I told him to weigh up the time, effort & petrol involved then advised him to rent his garage out to someone to put their car in.

He saw the light.

No, until recent times with the chinese economy, I`ve always considered weighing in as not worth it .

I believe they have to pay everybody by traceable means, except the Tinkers - for now